Mortgage and Financial News From 2007-9-13 Page 4

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  • Protesters stage pasta strike in Italy

    Denver Post - As a result, wheat stocks worldwide are being depleted to their lowest levels in decades and grain prices are soaring. Italy produces only about half of the high-protein durum wheat used to make high-quality pasta and bread; the rest is imported ...
    2007-09-13 09:56:00

  • Bay Area home sales at 15-year low; median prices fall slightly

    San Jose Mercury News - Sep 13: August Bay Area house sales Greenspan acknowledges he didn't initially grasp risks of 'subprime' mortgages Rates on 30-year mortgages drop to the lowest point in 4 months Report finds racial discrimination still affects mortgage terms Sep 11 ...
    2007-09-13 03:32:00

  • AP Business NewsBrief at 1:39 p.m. EDT

    CNBC - WASHINGTON (AP) _ Rates on 30-year mortgages dropped this week to the lowest point in four months, providing some relief for people hoping to refinance their existing mortgages. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed ...
    2007-09-13 10:39:00

  • San Francisco Area House, Condo Sales Drop 25 Percent (Update3)

    Bloomberg - ... Bay Area house and condominium sales fell 25 percent last month to the lowest for ... bigger down payments and have higher credit ratings to qualify for loans as rates ... President Marshall Prentice said in the statement. ``The turbulence in the mortgage ...
    2007-09-13 12:55:00

  • Calif. Home Sales Plunge in August

    Forbes - ... as nervous buyers avoid the market and owners struggle with rising rates on adjustable mortgages, analysts said Thursday. Statewide home sales dropped to their lowest ... lenders and tighter lending practices implemented by other established mortgage ...
    2007-09-13 03:54:00

  • House prices show first dip in two years

    Financial Times - ... in August for the first time in nearly two years and surveyors' confidence in the price outlook dropped to its lowest ... reflect fears that conditions for buyers could toughen if the squeeze in credit markets spills over further into mortgage rates.
    2007-09-13 05:55:00

  • Treasuries Fall on Lower Lending Rates, Rally in U.S. Stocks

    Bloomberg - Treasuries Fall on Lower Lending Rates, Rally in U.S. Stocks By Sandra Hernandez ... after the three- month London interbank offered rate for dollars fell to the lowest ... House of Representatives on the mortgage market and President George W. Bush's plan ...
    2007-09-13 11:50:00

  • Bankrate: Mortgage Rates Fall to 4-Month Low (PR Newswire via Yahoo! Finance)

    Fixed mortgage rates plunged this week, with the average conforming 30-year fixed mortgage rate falling to 6.28 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.43 discount and origination points.
    2007-09-13 04:30:00

  • Mortgage rates drop to four month low (KARE 11 Minneapolis-St. Paul)

    Rates on 30-year mortgages dropped this week to the lowest point in four months, providing some relief for people hoping to refinance their
    2007-09-13 10:46:52

  • Mortgage rates drop to a four-month low (Houston Chronicle)

    Rates on 30-year mortgages dropped in this week's survey to the lowest point in 4 months.
    2007-09-13 10:02:13

  • 30-year mortgage rate at 6.21%, lowest since May (USA Today)

    Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.31% this week, the lowest level since May 17, when 30-year mortgages averaged 6.21%. The rate had been 6.46% last week.
    2007-09-13 11:21:32

  • 30-year mortgage rates drop to lowest in 4 months (Lansing State Journal)

    WASHINGTON - Rates on 30-year mortgages dropped this week to the lowest point in four months, providing some relief for people hoping to refinance their existing mortgages.
    2007-09-13 10:12:28

  • Home loan predators abound

    News.com.au - The Fujitsu Consulting report commissioned by Wizard, released yesterday, also found that females were more likely to be targeted for predatory behaviour - particularly from mortgage brokers. Wizard Home Loans chairman Mark Bouris (pictured) has ...
    2007-09-13 05:34:00

  • Banks offer loans to buy up KKR’s $14bn First Data debt mountain

    Times Online - In recent weeks investors have refused to buy high-risk leveraged loans in the wake of the sub-prime mortgage crisis. That has left banks holding on to underwritten but unsyndicated debt worth billions of dollars. The banks are now desperate to ...
    2007-09-13 01:23:00

  • RBA scraps cheap interest rates for staff home loans

    News.com.au - ... governor Stephen Grenville -- one of nine members of the bank's board, which sets official interest rates -- received a discounted home mortgage. Figures obtained by The Australian reveal there are 143 RBA staff who still enjoy discounted loans ...
    2007-09-13 04:29:00

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